Ubisoft 2009 Annual Report Download - page 142
Download and view the complete annual report
Please find page 142 of the 2009 Ubisoft annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83
-
84
-
85
-
86
-
87
-
88
-
89
-
90
-
91
-
92
-
93
-
94
-
95
-
96
-
97
-
98
-
99
-
100
-
101
-
102
-
103
-
104
-
105
-
106
-
107
-
108
-
109
-
110
-
111
-
112
-
113
-
114
-
115
-
116
-
117
-
118
-
119
-
120
-
121
-
122
-
123
-
124
-
125
-
126
-
127
-
128
-
129
-
130
-
131
-
132 -
133 -
134 -
135 -
136 -
137 -
138 -
139 -
140 -
141 -
142 -
143 -
144 -
145 -
146 -
147 -
148 -
149 -
150 -
151 -
152 -
153
-
154
-
155
-
156
-
157
-
158
-
159
-
160
-
161
-
162
-
163
-
164
-
165
-
166
-
167
-
168
-
169
-
170
-
171
-
172
-
173
-
174
-
175
-
176
-
177
-
178
-
179
-
180
-
181
-
182
-
183
-
184
-
185
-
186
-
187
-
188
-
189
-
190
-
191
-
192
-
193
-
194
-
195
-
196
-
197
-
198
-
199
-
200
-
201
-
202
-
203
-
204
-
205
-
206
-
207
-
208
-
209
-
210
-
211
-
212
 |
 |
138
Depreciation, amortization and value impairment methods
Depreciation/
Amortization method
Value impairment method
Acquired brands Not amortized
Impairment tests are carried out on
brands at the end of each fiscal year or
more often if there are indications of loss
in value. The recoverable amount of
brands is then estimated on the basis of
the change in sales for the division in
question, its contribution to consolidated
Group earnings and its discounted cash
flows. Impairment is recognized when this
value is below the net carrying amount.
Office software
1 year, straight-line No impairment test in the absence of any
index of loss in value.
Commercial software 3 years, straight-line,
starting on the
commercial release date.
When the economic benefits expected of
a game, estimated on the basis of
forecasted sales and profitability, prove to
be lower than the net carrying amount,
impairment loss is recognized.
Engines straight-line over the
useful life between 3 and
5 years
No impairment test in the absence of any
index of loss in value.
External developments According to the sold
quantities and the royalty
rates specified in the
contracts.
When sales prove lower than forecasts
and expected profitability, impairment
loss is recognized.
According to the regulation on depreciation and impairment of assets, the group is led to periodically
revise its durations depreciation based on the observed useful life.
Provisional data are updated using a rate based on a valuation of the average cost of capital: 8.64 %
at March 31, 2010.
Property, plant and equipment
These are recognized at their historical cost. They are depreciated over their useful life. The following
depreciation rates are used:
Type of asset Depreciation method
Equipment 5 years, straight-line
Fixtures and fittings 5 and 10 years, straight-line
Computer hardware 3 years, straight-line
Office furniture 10 years, straight-line
Non-current financial assets
Equity investments are measured at their historical cost, plus all related acquisition costs. If the value
of the securities exceeds their value in use, a provision for depreciation is recognized for the
difference.